What is MIP on an FHA loan?

MIP stands for mortgage insurance premium. Mortgage insurance premiums are additional fees levied on loans that are backed by the Federal Housing Administration (FHA).PartsFHA loans impose both an ...
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Which loan is better: an auto loan or a signature loan?

On One Hand: Auto LoansWhen you are purchasing a car, you can use the car as collateral so that the loan becomes less risky for the lender, which means you get a lower interest rate. A lower intere...
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How can I get rid of my private student loan and switch to a federal loan with a lower interest rate?